Zero Value Oil Tax Provision Hidden from Legislature in 2013 | Alaska Native News
  • RayMetcalfe

    Are Alaska’s oil policies competitive? If you are in need of more information before the August 19 primary vote, the video attached to this email may help. Copy and past the following link into your address bar or click the photo below.

    https://www.youtube.com/watch?v=VibP_nTlTxE&feature=youtu.be

    Supporters of SB-21 have filled Alaska’s airwaves with the message that Alaska needs to be more competitive. But not one word has been said about competing opportunities for profit elsewhere.

    Three years ago, BP won a contract in IRAQ for which BP will be paid $4 million per day, plus 100% of costs, to produce 2.9 million barrels per day. Shell, Exxon, and
    ConocoPhillips have all signed contracts to produce oil for IRAQ for less than
    $2 net profit per barrel plus cost.

    UNDER ACES, BP, ConocoPhillips, & Exxon produced 500 thousand barrels per day for ALASKA and being paid 100% of costs plus 14.5 Million Dollars per day, or a net profit of $28 to $32 per barrel.

    For a ten minute video explanation of international oil profits and how Alaska compares as an investment opportunity, click the photo above and then click the barrel that appears. Please pass it on.

    Ray Metcalfe